EU bank lends €250m for green homes in Paris
24 Mar, 2020

The European Investment Bank (EIB) has granted a new €250 million (£230m) loan to in’li, the Action Logement Group’s subsidiary, to accelerate the construction of 2,580 affordable energy efficient new homes in Île-de-France.

It says the project aims to address the needs of middle-income households and will see around 6,000 residents benefit from these homes – they will meet the strictest environmental criteria and construction is expected to generate 5,000 person-years of employment during the implementation phase.

Ambroise Fayolle, EIB Vice-President, said: “In this context, supporting the housing and construction market in Île-de-France via this loan to in’li addresses three priorities: improving the job situation, reducing the energy consumption of homes and providing SMEs in the building sector, in particular, with enough business to facilitate their recovery.”